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Fed may hint at how long rates will stay at lows - The Associated PressGlobe and MailFed may hint at how long rates will stay at lowsThe Associated PressHigher rates are still months away, Chairman Ben Bernanke and other Fed officials have signaled in appearances on Capitol Hill and in speeches. ...Fed Keeps Key Rate at Record LowABC News (blog)Fed holds rates at record lowsNew York Daily NewsFed holds rates at record lows to foster recoveryKansas City Starall 3,381 news articles »
The Early Word: Pitching Health Care - New York Times (blog)The Early Word: Pitching Health CareNew York Times (blog)The central bank also decided to cut at the end of the month its purchases of mortgage-backed securities, a program enacted at the beginning of the ...and more »
Low interst rates continue – Feds leave interst rates unchanged - Mindful Money MattersLow interst rates continue – Feds leave interst rates unchangedMindful Money MattersTomorrow we will hear more about the central bank's economic outlook when Ben Bernanke testifies on Capitol Hill at 2pm.and more »
Experts' Biggest Fear: New Dodd Bill Won't Stop Another Meltdown, "Epidemic ... - truthouttruthoutExperts' Biggest Fear: New Dodd Bill Won't Stop Another Meltdown, "Epidemic ...truthoutYet, the Fed's new in-house consumer bureau could only regulate the largest banks and mortgage companies, while everyone from most payday lenders to small ...and more »
Consumer Agency Within Fed Seen as Victory for Banks - BusinessWeekConsumer Agency Within Fed Seen as Victory for BanksBusinessWeekConsumer advocates say the Fed didn't use its authority to put in place stronger protections for home buyers as the subprime mortgage market began to expand ...and more »
Lawmakers will be squabbling about bank funds, Fed audits and leverage limits - MarketWatchLawmakers will be squabbling about bank funds, Fed audits and leverage limitsMarketWatchMost of the media attention has been focused on congressional squabbles over where to house a proposed consumer protection agency for mortgage and credit ...and more »
Next bubble: Commercial real estate - The News JournalNext bubble: Commercial real estateThe News JournalIn December, the loan was transferred to a special mortgage servicer, which manages problem loans, and described as in danger of "imminent default. ...and more »
Brian Pitman, Ex-Lloyds CEO, Dies After Heart Attack - BusinessWeekBrian Pitman, Ex-Lloyds CEO, Dies After Heart AttackBusinessWeekLloyds is the country's fourth- largest lender by assets and became the biggest mortgage lender after acquiring HBOS Plc in January 2009. ...and more »
Higher Mortgage Rates are on the Way - BestCashCow.com (blog)Higher Mortgage Rates are on the WayBestCashCow.com (blog)Ben Bernanke, the chairman of the Federal Reserve, is going to answer questions about the program while testifying on Capitol Hill over the next couple days ...and more »
Manufacturing strong, but consumers cagey - MarketWatchManufacturing strong, but consumers cageyMarketWatchBut all eyes are on the health-care summit, hearings on Toyota and Fed chief Ben Bernanke on Capitol Hill. Stacey Delo reports. The on-again, off-again tax ...and more »

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Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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